Nancy has more than 15 years of experience in financial management and accounting, with expertise in various types of workouts including turnarounds, liquidations and sales of distressed companies. Nancy assists BBKs clients with proactive supplier risk management initiatives where customers are seeking to mitigate threats to their production stemming from their supply base. When companies are troubled or insolvent, she works with other affected constituents, analyzes the financial, operational and legal circumstances, and devises solutions to maximize her clients position. Nancy provides on-site support as a crisis manager and has valuable experience in negotiating and implementing workout strategies. She also has experience serving as interim financial management. Nancy has worked with companies large and small, ranging from the early stages of distress to wind-downs and liquidations. Professional Experience Prior to joining BBK, Nancy held a number of financial positions within General Motors Corporation (GM), including Finance Manager and Senior Analyst in various financial and accounting staffs. As Finance Manager for GMs North American Operations Finance Staff, Nancy managed the department responsible for the accounting and forecast of $4 billion in annual health care spending and $4 billion of SFAS 106 expense. She initiated and led business case analyses of employment costs for divestitures, benefit trust funding, early retirements, employee buyouts, pending litigation, benefit plan changes and health care initiatives. Nancy had a key role in the spin-off of GMs automotive components subsidiary for employee matters. While serving as Lead Financial Analyst of a future product program, Nancy analyzed and tracked the financial status of a small car program worth $6 billion in annual sales and investment of over $1 billion. She was also a lead financial member of a cross-functional program execution team that was responsible for investments, engineering/design changes, vehicle content, timing, manufacturing and pricing issues. In this role she initiated strategies that saved the company $10 million in expenses. |